FPANJ members are appearing everywhere! This section brings these stories to you. Interested in commenting on financial planning issues in local and national publications? Please contact our PR Director Maria Semple at Maria@theprospectfinder.com to learn more about this opportunity within the Public Relations Committee of the FPANJ.
Jenny Riveros of Elizabeth emigrated from Colombia in 2003 to major infinancial planning and finance. Riveros personifies the “American Dream”—she will be the first in her family to earn a college degree. She has paid for her education by working 40 to 60 hours a week at United Airlines in the finance department. Riveros completed two internships and attended three national conferences. Six months ago she secured a job as a financial planner with Plan Plus, Inc. a financial planning firm, where she will continue after graduation. Jenny was named the 2013 Outstanding Senior at William Paterson by the University's Alumni Association. Click here for the article.
By Mitch Anthony
Mistakes Advisors Make with Centers-of-Influence
Please click here for an Article written in Mitch Anthony's Intuitive Advisor eNewsletter.
By Ben Lewis
Building your business is all about developing and maintaining strong relationships. You work every day to strengthen your relationships with your clients, staff, suppliers and peers at the FPA of New Jersey. You strive to be known as innovative, trustworthy, and an expert—in short, to be recognized as a leader in financial planning.
You should devote the same effort to building your relationship with the media. Your goal should be to become a resource of timely, accurate, and relevant information.
If you deliver on what the media needs, you will reap the benefits. Not only will you potentially gain new clients, but they will approach you with a positive impression of you already in place, due to the expertise and credibility you displayed through the media.
By John Crosby CFP® ChFC CLTC CRPC
NJ Legislative Update – Agenda for 2014
The FPANJ continues to establish relationships with political and business leaders through membership in the New Jersey Chamber of Commerce and the New Jersey Business and Industry Association. FPANJ board members attend meetings and events where they can discuss FPANJ activities and the value of financial planning with political and business leaders.
The NJBIA (New Jersey Business & Industry Association hosted a Meet the Decision Makers: Legislative Executive Directors on January 24th. Four Legislative Executive Directors (two Democrats, two Republicans) discussed their vision and agenda for 2014. The first item mentioned in the discussion was the “College Affordability Study” which looked at various educational options. A funding plan for education could potentially be a “Pay-it-Forward” type-plan, when students contribute a fixed percentage of their income, with no upfront costs for college education.
In 2011 New Jersey established a three-year pilot program at certain school districts to test the efficacy of a financial literacy course. To date, the results have not been released.
By Everett M. Lo
I want to let you know about some important upcoming changes to the services we provide at Social Security offices across the country.
As of August 2014, the Social Security Administration will no longer offer Social Security number (SSN) printouts and benefit verification information in our field offices. Individuals who need proof of their Social Security number and cannot find their card, will need to apply for a replacement card. We are making these changes to meet the increasing demands for our services at the same time that our agency budget has been significantly cut by over $1B in each of the last three years. During this same time period we have invested in technology that offers more convenient, cost-effective, and secure options for our customers to obtain certain services without visiting a local office.
Street Fairs - Volunteers Needed!
FPANJ participates in NJ Street Fairs through the region. This is to help publicize our organization and to educate the public on the importance of financial literacy and to let them know our website can be used to help find a planner. Currently, we have 2 Street Fairs booked; one is in Summit on Sunday, May 25 and one is on Saturday, June 7 in Westfield. We need three to four people to man the booths in shifts. If you would like to help with one of these booths, please send an email to email@example.com. There are also other opportunities and perhaps you'll find your own home town participating. Please click here for the 2014 calendar. This is a fun day and a great way to get involved with volunteering.
By Diane De Oliveira, CFP®
Mark your calendars for Wednesday, April 23rd to enjoy a day away from the office while having “A Tryst with the Truth”, FPA NJs full day spring conference to be held at the Hilton Woodridge.
We are pleased to welcome Sam Stovall, Chief Equity Strategist of S&P Capital IQ. Sam will discuss “Sector Investing Using ‘The Seven Rules of Wall Street’” and “Is it time to Buy or Bail?”
Michael Kitces, CFP®, MSFS, MTAX, CLU®, ChFC®, RHU®, REBC®, CASL®, Director of Research and Partner of Pinnacle Advisory Group will present “Evaluating Existing Deferred Annuities: What Ever Advisor Needs to Know” and “Understanding the New World of Health Insurance.
Wade Pfau, Ph.D., CFA will share with us his “Two Schools of Thought on Retirement Income”.
Deidre R. Wheatley-Liss, Esq., LL.M, Principal, Porzio, Bromberg & Newman, PC will explain “Using Trusts to Escape the State Tax Trap: DING’s, NING’s and Other Important Things”.
Ben Lewis, FPA National’s Director of Communications and Public Relations will present “Media Mastery: Representing Yourself, Your Association and Your Profession Through the Media”.
We look forward to you joining us and our accomplished speakers who will share their wisdom, perspective, experience and research on current issues that are relevant to the lives of our clients. So come, join your peers…share your thoughts…. and get ready to be enlightened by some of the best speakers in our industry!
(Top Row: L-R) Michael Kitces, CFP®, MSFS, MTAX, CLU®, ChFC®, RHU®, REBC®, CASL®, & Sam Stovall, CFP®
By Maria Semple
Looking to help your own business while helping to grow our Chapter? We now have TWO separate postcards available for you to use and you can pick them up at our Education Meetings. Both postcards have the chapter’s website and a QR Code which can be scanned.
One postcard is intended to help put great financial literacy articles into the hands of the public. We’ll be generating an e-newsletter and we’re now populating our database with people we meet at street fairs, pro-bono speaking engagements, etc. If your own firm does not do an e-newsletter, this is a perfect opportunity to have these postcards available in your office so that we can help communicate important financial articles to them in the future.
The second postcard is intended to drive members and non-members to our chapter’s (soon to be updated) website calendar. Using their smartphones, anyone can view our upcoming calendar of events and stay posted on educational and networking opportunities.
It’s easy. It’s free. And, it’s a win-win for everyone!